What is the difference between health insurance and life insurance?
Health insurance is based on the health status of the insured and aims at providing medical expenses compensation to the insured. Its coverage is different from general life insurance and accidental injury insurance:
1. Health insurance is based on the incidence of diseases and accidents. Accidents in health insurance refer to diseases and accidental injuries, not death, unlike other life insurance, which uses life tables as the basis for determining rates. Therefore, the rate of health insurance is empirical rate, and general life insurance has a fixed life table.
2. The insured accidents of health insurance refer to diseases and accidental injuries. There are many kinds of human diseases, and there are many kinds of health insurance, which can be combined with various diseases and age levels. Every kind of insurance has a certain customer base. If there are many types of insurance, more customers will be won, especially when the incidence rate is low. But once it happens, it is difficult for most families to afford insurance for their medical expenses, which is characterized by low rates and high security. General life insurance is only a combination of survival and death benefits, and there are few types of insurance.
3. Health insurance involving medical expenses is generally short-term insurance, and the deficit can be settled once a year, and the rate can be adjusted in the second year. Therefore, for the operation of insurance companies, it does not constitute long-term risk pressure. However, due to other factors such as the adjustment of bank interest rates, it is difficult to predict and control the risks in a few years for general life insurance. Which insurance company is stronger? I just sorted out the relevant content, hoping to help you: the latest list! Top Ten Insurance Companies in China
4. Health insurance is regional, and the incidence, medical expenses and per capita income are different in different regions, especially the medical expenses of health insurance vary greatly in different regions.
Health insurance refers to a kind of personal insurance that takes the insured's body as the insurance subject, so that the insured can get compensation for the expenses or losses caused by illness or accidental injury. The rate of health insurance is closely related to the age and health status of the insured. Life insurance is the abbreviation of life insurance, which takes the life of the insured as the insurance object and the survival or death of the insured as the condition of paying insurance money. Life insurance is divided into: survival insurance, death insurance, endowment insurance, etc. For example, our common term life insurance, whole life insurance and annuity insurance all belong to life insurance. New life insurance such as dividend insurance, universal insurance and investment-linked insurance also belong to life insurance. It is not difficult to see the difference between health insurance and life insurance by definition. How about China Life? I just sorted out the relevant contents, hoping to help you: How about China Life? Do you have any insurance recommendations?
The above is the introduction of "What's the difference between health insurance and life insurance". I hope the above content can help you answer your questions.